Boyd Gaming Co. (NYSE:BYD) Position Trimmed by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of Boyd Gaming Co. (NYSE:BYD) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,375 shares of the company’s stock after selling 4,328 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Boyd Gaming were worth $2,896,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Boyd Gaming during the second quarter valued at $29,000. Allspring Global Investments Holdings LLC increased its stake in Boyd Gaming by 57.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 189 shares during the last quarter. Blue Trust Inc. increased its stake in Boyd Gaming by 58.2% during the second quarter. Blue Trust Inc. now owns 783 shares of the company’s stock valued at $43,000 after purchasing an additional 288 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Boyd Gaming during the first quarter valued at $90,000. Finally, Covestor Ltd boosted its holdings in shares of Boyd Gaming by 132.6% during the first quarter. Covestor Ltd now owns 1,742 shares of the company’s stock valued at $117,000 after acquiring an additional 993 shares during the period. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming Stock Performance

NYSE:BYD opened at $68.66 on Friday. Boyd Gaming Co. has a twelve month low of $49.34 and a twelve month high of $72.22. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average of $63.55 and a 200-day moving average of $58.64. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 9.19 and a beta of 1.57.

Boyd Gaming Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Sunday, September 15th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, September 13th. Boyd Gaming’s dividend payout ratio is presently 12.98%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BYD shares. Wells Fargo & Company boosted their price target on shares of Boyd Gaming from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com raised shares of Boyd Gaming from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Morgan Stanley boosted their price target on shares of Boyd Gaming from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial boosted their price target on shares of Boyd Gaming from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Mizuho reissued an “outperform” rating and set a $79.00 price target (up previously from $78.00) on shares of Boyd Gaming in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boyd Gaming presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 73,130 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $60.23, for a total transaction of $4,404,619.90. Following the completion of the sale, the chairman now directly owns 1,423,498 shares of the company’s stock, valued at approximately $85,737,284.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Boyd sold 25,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $69.35, for a total transaction of $1,744,499.25. Following the completion of the sale, the director now directly owns 1,487,970 shares of the company’s stock, valued at $103,190,719.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,527 shares of company stock valued at $6,224,086. 27.94% of the stock is currently owned by corporate insiders.

About Boyd Gaming

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.